Arrk Corporation Announces Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017
For the year, on non-consolidated basis, the company reported net sales of JPY 14,067 million compared to JPY 9,911 million a year ago. Operating income was JPY 1,247 million compared to JPY 271 million a year ago. Ordinary income was JPY 1,239 million compared to JPY 641 million a year ago. Net income was JPY 1,837 million or JPY 4.55 per diluted share compared to JPY 1,149 million or JPY 2.03 per diluted share a year ago.
The company provided earnings guidance for the full year ending March 31, 2017. For the full year ending March 31, 2017, the company expected net sales of JPY 45,500 million, operating income of JPY 2,550 million, ordinary income of JPY 2,300 million and profit attributable to owners of the parent of JPY 1,250 million or JPY 3.51 per share.